Salzgitter (ETR:SZG) received a €21.00 ($24.42) price target from research analysts at Baader Bank in a report released on Monday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. Baader Bank’s price target suggests a potential upside of 11.79% from the stock’s current price.
A number of other equities analysts also recently issued reports on the company. Kepler Capital Markets set a €13.00 ($15.12) price target on Salzgitter and gave the stock a “sell” rating in a research note on Wednesday, October 2nd. Nord/LB set a €17.00 ($19.77) price target on Salzgitter and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. set a €14.00 ($16.28) price target on Salzgitter and gave the stock a “sell” rating in a research note on Monday, November 11th. Commerzbank set a €26.00 ($30.23) target price on Salzgitter and gave the company a “neutral” rating in a research report on Monday, August 12th. Finally, Independent Research set a €17.90 ($20.81) target price on Salzgitter and gave the company a “neutral” rating in a research report on Friday, November 15th. Five investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of €20.49 ($23.83).
SZG stock opened at €18.79 ($21.84) on Monday. The company has a market cap of $1.02 billion and a P/E ratio of 20.58. Salzgitter has a 1 year low of €14.13 ($16.43) and a 1 year high of €31.51 ($36.64). The company has a debt-to-equity ratio of 37.60, a current ratio of 2.16 and a quick ratio of 1.13. The stock’s fifty day moving average price is €17.72 and its 200-day moving average price is €19.23.
Salzgitter Aktiengesellschaft, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through five segments: Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology. The Strip Steel segment manufactures branded and special steels, such as hot-rolled strip steel and steel sheets, sections, tailored blanks, and components for the construction industry.
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